By Cristal Cody
Eureka Springs, Ark., Aug. 11 – Wells Fargo & Co. priced a $600 million add-on to its senior floating-rate notes due July 26, 2021 at 100.604 with a coupon of Libor plus 102.5 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The original notes (A2/A/AA-) priced on July 18 in a $600 million offering at par. The total outstanding is $1.2 billion.
Wells Fargo Securities, LLC was the bookrunner.
The retail, commercial and corporate banking services provider is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $600 million reopening
|
| Description: | Senior floating-rate notes
|
| Maturity: | July 26, 2021
|
| Bookrunner: | Wells Fargo Securities, LLC
|
| Coupon: | Libor plus 102.5 bps
|
| Price: | 100.604
|
| Trade date: | Aug. 11
|
| Settlement date: | Aug. 18
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
| Total outstanding: | $1.2 billion, including $600 million priced on July 18, 2016 at par
|
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